NASDAQ Dubai:

The NASDAQ Dubai was established in the year 2005 within the DIFC (Dubai International Financial Centre). The DIFC is an autonomous zone within Dubai and is not subject to the laws of Dubai. It features market incentives such as full foreign ownership rights for companies listing on the NASDAQ Dubai and companies operation and formed within the DIFC and the ability to list companies with a market capitalization of US$ 50 million or more from anywhere in the World.

DIFC as the new financial centre in Dubai has the following advantages which will eventually make it a major international exchange in its own right.

• 100% foreign ownership.           
• No tax on income or profits.
• A wide range of double tax treaties available to UAE incorporated entities
• No restriction on foreign exchange
• Freedom to repatriate capital and profits without restrictions
• High standards of rules and regulations
• Access to excellent facilities and support services
• Access to the substantial and rapidly growing regional capital flows
• A time zone which enables live trades from the US, Asian and European markets
• The ability for companies from outside the region to list their shares on the NASDAQ Dubai and use their listing to tap into the large pool of investable assets in the region through equity and / or bond financings.

espite its low daily volumes, the NASDAQ Dubai's market capitalization as at 29th April 2008, was substantial at a total of US$ 39.8 billion